Since its 2014 IPO, Alibaba has struggled to grow beyond China despite investing $5B+ in new markets; ~5% of its last FY revenue came from international retail (Wall Street Journal)
Wall Street Journal:
Since its 2014 IPO, Alibaba has struggled to grow beyond China despite investing $5B+ in new markets; ~5% of its last FY revenue came from international retail — The Chinese juggernaut handles more business than any other company. Yet like many of its compatriots, it has struggled to expand into new markets
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